Marvell Technology Group Stock Price, News & Analysis (NASDAQ:MRVL)

$24.84
-0.77 (-3.01 %)
(As of 09/23/2019 01:00 AM ET)
Today's Range
$24.72
Now: $24.84
$25.70
50-Day Range
$23.2750
MA: $24.72
$26.00
52-Week Range
$14.34
Now: $24.84
$27.64
Volume7.79 million shs
Average Volume7.84 million shs
Market Capitalization$16.57 billion
P/E Ratio29.22
Dividend Yield0.94%
Beta1.19
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.87 billion
Cash Flow$1.5652 per share
Book Value$10.80 per share

Profitability

Net Income$-179,090,000.00

Miscellaneous

Employees5,275
Market Cap$16.57 billion
Next Earnings Date12/3/2019 (Estimated)
OptionableOptionable

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group declared a quarterly dividend on Friday, September 20th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.06 per share on Wednesday, October 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.97%. View Marvell Technology Group's Dividend History.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group declared that its Board of Directors has approved a share buyback program on Tuesday, October 16th 2018, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its quarterly earnings results on Thursday, August, 29th. The semiconductor company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. The semiconductor company earned $656.56 million during the quarter, compared to analyst estimates of $650.29 million. Marvell Technology Group had a positive return on equity of 5.25% and a negative net margin of 14.42%. The company's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. View Marvell Technology Group's Earnings History.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Tuesday, December 3rd 2019. View Earnings Estimates for Marvell Technology Group.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group updated its third quarter earnings guidance on Thursday, August, 29th. The company provided EPS guidance of $0.15-0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of approx $640-680 million, compared to the consensus revenue estimate of $698.38 million.

What price target have analysts set for MRVL?

25 brokers have issued 1-year target prices for Marvell Technology Group's shares. Their predictions range from $20.00 to $30.00. On average, they expect Marvell Technology Group's stock price to reach $26.8780 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

What is the consensus analysts' recommendation for Marvell Technology Group?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

What are Wall Street analysts saying about Marvell Technology Group stock?

Here are some recent quotes from research analysts about Marvell Technology Group stock:
  • 1. According to Zacks Investment Research, "Marvell is benefiting from strong growth in networking business. The company also recently announced the acquisitions of Avera and Aquantia, which will be highly complementary to its already strong Ethernet and PHY businesses. Further, Marvell announced the divestment of its Wi-Fi business to NXP Semiconductors, which will help it focus on its other high growth areas. However, increasing operational expenses, and weakness in compute demand in cloud, are headwinds. Moreover, export restriction and CPU shortages are expected to keep storage revenues under pressure. Further, the company depends on some big customers for a substantial portion of its net revenues, exposing it to customer concentration risk. Shares have underperformed the industry year to date." (7/25/2019)
  • 2. Needham & Company LLC analysts commented, "MRVL’s F4Q19 results were in line with revised guidance, but F1Q20 guidance was below expectations. Storage and Networking are expected to decline again Q/Q in F1Q20 driven by the weak macro environment and inventory digestion by cloud customers. Reflecting improving bookings post CNY and the 5G ramp with Samsung in F2H20, MRVL believes F1Q20 will represent the revenue trough. MRVL believes it undershipped HDD end market demand in F4Q19 and will again in F1Q20, setting up a possible recovery in F2Q20. MRVL announced it is engaged with a 2nd tier-one base station OEM for a 5G design based on a custom Fusion-M, which should sample in early FY21. While we lower estimates, we maintain our $23 PT (~18x our CY20 NG EPS est.) and are buyers on weakness given MRVL’s valuation and 5G growth opportunities." (3/8/2019)

Has Marvell Technology Group been receiving favorable news coverage?

Press coverage about MRVL stock has trended somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Marvell Technology Group earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave media headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Marvell Technology Group.

Who are some of Marvell Technology Group's key competitors?

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Intel (INTC), Cisco Systems (CSCO), QUALCOMM (QCOM), CVS Health (CVS), Applied Materials (AMAT) and Bank of America (BAC).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the folowing people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
  • Ms. Jean Hu, Chief Financial Officer (Age 56)
  • Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
  • Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
  • Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (14.81%), Vanguard Group Inc. (8.61%), BlackRock Inc. (6.79%), BlackRock Inc. (6.79%), Barrow Hanley Mewhinney & Strauss LLC (1.53%) and Barrow Hanley Mewhinney & Strauss LLC (1.53%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Sehat Sutardja, Syed Ali and Willem A Meintjes. View Institutional Ownership Trends for Marvell Technology Group.

Which institutional investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including Starboard Value LP, Point72 Asset Management L.P., Boston Partners, UBS Asset Management Americas Inc., Jennison Associates LLC, Jennison Associates LLC, Balyasny Asset Management LLC and TimesSquare Capital Management LLC. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View Insider Buying and Selling for Marvell Technology Group.

Which institutional investors are buying Marvell Technology Group stock?

MRVL stock was bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Nuveen Asset Management LLC, Whale Rock Capital Management LLC, Allianz Asset Management GmbH, Senator Investment Group LP, Russell Investments Group Ltd., Invesco Ltd. and Westwood Holdings Group Inc.. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $24.84.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $16.57 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe.View Additional Information About Marvell Technology Group.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is http://www.marvell.com/.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]


MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  1,149 (Vote Outperform)
Underperform Votes:  1,104 (Vote Underperform)
Total Votes:  2,253
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/23/2019 by MarketBeat.com Staff

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